USDT definition
Examples of USDT in a sentence
In respect of each Purchaser, the portion of the Subscription Amount to be paid in SKY, USDS and/or USDT shall be referred to as the “Non-Cash Amount” or “Digital Asset Consideration.” At the Closing, following the delivery of the Subscription Amounts to the Company, the Company shall deliver to each Purchaser its Pre-Funded Warrants as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.
Each Purchaser shall deliver (i) to the Company via wire transfer immediately available funds in cash, and/or (ii) to the Designated Wallet via transfer funds in SKY, USDS and/or USDT, in each case, in an aggregate amount equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser.
If the Purchaser elects to pay all or a portion of the Subscription Amount in USDT, such USDT shall be valued at U.S. $1.00 per $1.00 USDT for all purposes of this Agreement.